Twenty-five years of leading commercial lending is definitely something worth celebrating as they continue to transform the industry. GoDocs is excited about what the future will bring and it is always nice to take a moment to celebrate milestones and reflect on how the company has grown. This has allowed them to find new ways to pursue its mission of streamlining the loan documentation process while also significantly cutting costs, and expanding loan volume. GoDocs continues to be at the forefront when it comes to utilizing the latest technology and understanding the pain points that commercial lenders and borrowers experience. While other companies have come and gone throughout the years, GoDocs has become a fixture and a trusted partner. With the nation facing a housing shortage and an affordability gap, we see it as our mission to help lenders address these critical areas in the nation's economy," said CEO Steve Butler. GoDocs helps lower costs for both lenders and borrowers and accelerates the closing process for single and multi-family commercial projects. We are now expanding our product line to C&I loans and integrating our platform to loan origination and core banking platforms. "This latest milestone has further emboldened us to provide our customers with best-in-class technology and exceptional customer service that allows them to reach their own growth potential. These changes have helped GoDocs cultivate new partnerships and offer advanced end-to-end solutions through integration that eliminates the need for duplicate data entry and accelerates the loan closing process. In just the past year, GoDocs has expanded its leadership team and introduced a Nationwide Account Management Team. Going into its 25th year, GoDocs is looking forward to gaining a greater market share through brand awareness and continuing to provide excellent customer service while also leveraging emerging technology. Since those early days, technology has continued to evolve and we have worked to provide forward-thinking solutions and build a system that allows users to stay ahead in a competitive market," said founder Gary Highland. This gap in the market gave me the vision for GoDocs. "It was clear to me that there had to be a better way to manage loan documentation in a way that would benefit both the lender and the borrower. GoDocs (formerly known as LoanDocSolutions) is a company that provides web-based software for loan documents. He took it upon himself to further develop his own skillset to build the technology that the industry needed. Highland, starting out as a lawyer specializing in the documentation for closing commercial real estate loans, quickly realized that technology had the potential to transform the industry. GoDocs: A software company backed by attorneys.Īs a true pioneer in the space, the GoDocs founder, Gary Highland, developed the first iteration and the first-ever system with the degree of automation being offered for commercial real estate of all kinds, making GoDocs a true disruptor in the marketplace. As more lenders become aware of the company and embrace the power of new digital technology, GoDocs is positioned to continue its industry leadership and successfully drive exponential growth.Transforming the commercial lending industry with next-gen digital software technology. With such a strong start to the year, the rest of 2022 is looking bright for GoDocs. The GoDocs platform is the first to work as an attorney does - creating documents clause-by-clause and offering all the protections lenders require for even the most complex loans.” Up to now loans of this value were almost entirely documented by attorneys. We tripled the number of loans in the $2M – $50M range and generated robust attorney-quality closing documents for these loans in seconds, at a fraction of the cost that high-paid attorneys would charge. James Martin, GoDocs VP of Operations, added “Lenders significantly expanded use of GoDocs for loans with value greater than $2M in the first half. There is tremendous interest in our cloud platform, and I expect we will continue to grow at this rate or better,” commented GoDocs’ CEO, Steve Butler.Ĭomments from HomeStreet Bank, a large GoDocs customer, support the high interest among lenders for GoDocs - “GoDocs makes generating our closing documents simple and fast, and lowers our costs. Each time, we were able to prove we can deliver this value proposition and, as a result, won a lot of new business. Faster closings, reduced costs in operations, lower dependence on hiring to scale their business, improved 50-state compliance, and lower closing costs for borrowers were on the top of lenders’ lists. “In the first half many lenders came to us looking for help to be more competitive in a volatile lending market.
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